Fast view
- Ninety One acted as the lead arranger and investor in a senior secured credit facility of up to €100 million for Aéroport International Blaise Diagne SA, Senegal’s flagship international airport operator.
- The funding will be used to support the implementation of Senegal’s Air Hub Strategic Plan, aimed at positioning Senegal as a leading air transport hub in the West African region by 2035.
| Sector: | Transportation |
| Total commitment: | €100 million, Ninety One commitment €15 million |
| SDGs: | 
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Background
Aéroport International Blaise Diagne SA (AIBD) is a state-owned company appointed to run the concession of Senegal’s main international airport, Blaise Diagne International Airport. The airport is located in the capital city of Dakar and handles more than 90% of the country’s air traffic. AIBD plays a critical role in the government of Senegal’s ambitions to become a leading air hub in West Africa by 2035, a strategy that is vital for the country’s economic growth.
Opportunity
Senegal’s prime location, as the westernmost point of Africa, makes it well-positioned to be a key gateway to the continent, given its relative proximity to Europe and the United States. The expansion of this important air hub will support the growing domestic and international air traffic requirements in the region while providing a platform for employment generation.
Contribution and impact
Ninety One’s funding will contribute towards increasing the annual passenger capacity by 40% to over five million, the construction of a cargo terminal, renovating Senegal’s regional airports, and directly helping with the development of Blaise Diagne International Airport.